Best Niels Kaastrup Larsen Podcasts (2025)

1
GM82: The Surprising Success of the U.S. Economy ft. Elroy Dimson & Kiran Ganesh 1:03:23

1h ago1:03:23

1:03:23

America's recent economic performance has been a surprise, as it's managed to outperform many other markets over the last quarter century. We review the insights from the Global Investment Returns Yearbook, discussing how the US has thrived and what that means for future investment strategies. Our guests, Elroy Dimson and Kiran Ganesh, share their …

1
SI348: The Quiet Cost of Overfitting ft. Andrew Beer 1:15:10

4d ago1:15:10

1:15:10

Andrew Beer returns to confront a moment of reckoning for trend following. As managed futures suffer one of their worst periods in decades, he and Niels explore a deeper question: has the strategy evolved in ways that undermine its edge? From the seduction of short-term models to the unintended consequences of complexity, this conversation traces h…

1
UGO02: Inequality, Inflation, and the End of Consensus ft. Jim Bianco 1:03:46

7d ago1:03:46

1:03:46

What if the volatility we’re seeing is not a pause in the cycle, but the start of something lasting? In this episode, Cem Karsan sits down with Jim Bianco to unpack the forces reshaping the market and the political landscape around it. From the roots of labor unrest in 1880s Chicago to rising tariffs and inflation today, they trace how decades of p…

1
SI347: Stagflation, Storytelling, and the Search for a New Hero ft. Cem Karsan 1:07:31

13d ago1:07:31

1:07:31

Today Cem and Niels dissect a world quietly shifting beneath our feet. As markets hum along, Cem explains why the real story lies beneath the surface: a structural liquidity drain, a creeping stagflation that defies familiar playbooks, and a political regime shift few are pricing in. From Buffett’s exit to dollar fragility, elite endowments tapping…

1
GM81: What If Everything You Believe About Markets Is Wrong? ft. Demetri Kofinas 1:03:17

16d ago1:03:17

1:03:17

What if the biggest risk in markets today isn’t volatility, inflation, or geopolitics - but the stories we believe to be true? In this unfiltered and thought-provoking episode, Demetri Kofinas joins Cem Karsan and Niels Kaastrup-Larsen for a piercing conversation that challenges how we process information, construct narratives, and make decisions i…

1
SI346: Is the Trend Still Your Friend ft. Rob Carver 1:09:11

18d ago1:09:11

1:09:11

This episode is all about understanding the nuances of trend-following and how current market dynamics are shaking things up. Together with Rob Carver, we discuss the turbulence that hit financial markets in April and how that affected Trend Followers, as well as how Rob navigated the last 12 months as a trend follower. Plus, we explore the intrigu…

1
IL38: Our Dollar, Your Problem ft. Kenneth Rogoff 1:11:13

23d ago1:11:13

1:11:13

What if the most dangerous thing in the global economy isn’t a shock — but the quiet collapse of the frameworks we still rely on? In this rare, unfiltered conversation, Kenneth Rogoff — Harvard professor and former IMF Chief Economist — joins Kevin Coldiron to confront the reality that’s too uncomfortable for most policymakers to admit: The world h…

1
SI345: From Chaos to Clarity: The Power of Systematic Investing ft. Nick Baltas 1:08:00

27d ago1:08:00

1:08:00

This episode is all about exploring the intricacies of market behavior, how trends shift, and what that means for our investment strategies. We’re having a serious chat about the impact of recent market fluctuations and how they influence our approaches to trend following. Together with Nick Baltas, we’ll touch on the dynamics of crowding in trades…

1
OI15: Navigating the Commodity Markets with Calculo Capital ft. Ole Hansen & Philip Carlsson 42:50

1M ago42:50

42:50

Today, we're diving deep into the world of commodities with Calculo Capital, a short-term quantitative hedge fund based in Denmark. Our guests, Philip Engel Carlsson and Ole Hansen, share their insights on how they navigate the fast-paced commodity markets using machine learning techniques. We explore how their focus on liquid markets and short hol…

1
SI344: Trend Following during Trump Tariff Turmoil ft. Katy Kaminski 1:10:49

1M ago1:10:49

1:10:49

In this episode, we explore the current market dynamics and discuss Katy Kaminski's latest research paper on crisis and correction alpha, which provides insights into how CTA strategies are navigating turbulent times. We also touch on the importance of understanding how trends shift and the implications for various asset classes. From examining the…

1
IL37: Hate the Game? How to Navigate Life's Economic Challenges ft. Daryl Fairweather 52:30

1M ago52:30

52:30

Discover how to navigate the complexities of personal and professional decisions through the lens of behavioral economics. Kevin Coldiron speaks with Daryl Fairweather, Chief Economist at Redfin and author of the book "Hate the Game," who shares insights on using economic principles to tackle everyday challenges, from negotiating salaries to unders…

1
SI343: CTAs: The Unexpected Heroes of Market Crises ft. Yoav Git 1:11:23

1M ago1:11:23

1:11:23

Together with Yoav Git, we’ll explore how market conditions are shifting and what that means for investors, especially in light of recent bond market movements. It’s been a wild ride lately, with unexpected changes in correlations between stocks and bonds, and we’re here to break it all down. We’ll also touch on the implications for trend-following…

1
TTU149: Risk, Return, Repeat: The Portable Alpha Revival ft. Razvan Remsing & Alan Dunne 1:09:44

1M ago1:09:44

1:09:44

Today, we’re diving into the world of portable alpha and how it can really shake up your investment game. Alan Dunne and I are chatting with Razvan Remsing from Aspect Capital, who shares that this concept isn’t new but is gaining traction again as allocators look for ways to make their portfolios work harder. With everything going on in the market…

1
SI342: From Trend Following to Super Determinism ft. Richard Brennan 1:15:23

2M ago1:15:23

1:15:23

Together with Richard Brennan, we’ll explore how current market uncertainties are shaping investor sentiment and prompting a massive shift in how we think about financial systems. As we navigate through some heavy topics, we also touch on the importance of maintaining a disciplined approach in a world where noise can easily drown out the signals. E…

1
UGO01: Reflexive Markets, Real-Time Risk: The Dawn of the 0DTE Era ft. Mike Green 1:04:11

2M ago1:04:11

1:04:11

In the premiere of U Got Options, Cem Karsan is joined by Mike Green for an unfiltered, high-conviction conversation straight from the floor of the CBOE. Together, they dive deep into the explosive growth of 0DTE options - now driving over 60% of S&P volume - and unpack how this shift is quietly rewiring market reflexivity, volatility dynamics, and…

1
SI341: Nothing Good Happens Below the 200-Day Moving Average ft. Mark Rzepczynski 1:01:27

2M ago1:01:27

1:01:27

Alan Dunne and Mark Rzepczynski tackle the current market vibes, focusing on how factors like the 200-day moving average can shift market sentiment and affect portfolio strategies. As they navigate through the choppy waters of market performance, they discuss the importance of understanding uncertainty versus risk and how it impacts decision-making…

1
IL36: Democracy, Money, and the Central Bank - A Risky Balance ft. Leah Rose Downey 59:20

2M ago59:20

59:20

Our guest on this episode is Leah Downey, Junior Research Fellow at St. John’s College Cambridge and author of the new book Our Money: Monetary Policy as If Democracy Matters. Independent central banks are thought to be necessary to prevent politicians using monetary policy to influence elections and to avoid dangerously high levels of inflation. I…

1
SI340: ETFs, Size, and the Commodity Problem ft. Alan Dunne 1:05:24

2M ago1:05:24

1:05:24

In today’s episode, Alan Dunne and I take a step back - and a step forward - by exploring 125 years of hard-earned market wisdom, courtesy of the Global Investment Returns Yearbook, the definitive source of long-term asset class performance. What does this rich dataset tell us about equities, bonds, diversification, and the underrated role of patie…

1
TTU148: CTAs - The Good, The Bad, and The Misunderstood ft. Rob Carver, Graham Robertson and Yoav Git 1:09:36

2M ago1:09:36

1:09:36

Today, we’re diving deep into the world of CTAs and their role in investment portfolios. We discuss the balance between focusing on a single asset class versus a multi-asset approach, emphasizing that different asset classes offer unique utilities to investors. Our guests share insights from their experiences, highlighting the importance of tailore…

1
SI339: CTAs vs ETFs: The Showdown That Could Change Everything ft. Andrew Beer and Tom Wrobel 1:19:30

2M ago1:19:30

1:19:30

Andrew Beer and Tom Wrobel joins us to talk about the current state of global markets and the pivotal changes affecting our industry. We’re all feeling the shift in dynamics, and we’re here to unpack how that impacts our investing approaches. From the rise of new ETFs to the ongoing debate about the future of managed futures, we’ll cover it all. So…

1
ALO29: What Every Investor Should Know About Valuations ft. David Giroux 1:01:17

2M ago1:01:17

1:01:17

Leveraged loans combined with treasuries create a solid strategy for navigating today’s fixed income market. These two asset classes work like a peanut butter and jelly sandwich, balancing each other out—leveraged loans shine when interest rates rise, while treasuries thrive when rates drop. In our chat today with David Giroux, portfolio manager at…

1
SI338: Politics, Markets & Power Plays: An Unfiltered Look ft. Cem Karsan 1:08:47

3M ago1:08:47

1:08:47

Together with Cem Karsan, we take a serious look at how the shifting political landscape and economic pressures are impacting global markets. We discuss the implications of a potential (engineered) recession and what it means for various asset classes, especially in relation to current U.S. policies. With the conversation turning to Europe, we anal…

1
GM80: Doomsday Clock Ticks: Are We Close to a Monetary Shift? ft. Adam Rozencwajg 1:19:35

3M ago1:19:35

1:19:35

Today Cem Karsan and I are diving into a pretty intense topic today: the looming potential for a monetary regime change that feels like it's right around the corner. We're talking to Adam Rozencwajg about how the shifts in global commodity dynamics, particularly in natural resources like oil and gas, are becoming a lot clearer as supply constraints…

1
SI337: How Best to "Replicate" Managed Futures Returns ft. Katy Kaminski 1:03:28

3M ago1:03:28

1:03:28

In this episode, Katy Kaminski helps us explore the latest trends in managed futures and how different approaches to replication can impact performance and correlation. We explore the pros and cons of index versus mechanical replication, highlighting how each method reacts differently in various market conditions. Plus, we touch on the most recent …

1
IL35: The New Age of Economic Warfare: Are We Ready? ft. Edward Fishman 1:01:05

3M ago1:01:05

1:01:05

Our guest on this episode is Edward Fishman, a world expert on the modern art of economic warfare. Edward is author of the new book Chokepoints: American Power In The Age of Economic Warfare. He currently teaches at Columbia University and prior to that advised the US Secretary of State, Joints Chiefs of Staff and Treasury Department on the deploym…

1
SI336: How to Invest in Turbulent Times? ft. Graham Robertson 1:03:01

3M ago1:03:01

1:03:01

With global market dynamics shifting rapidly and geopolitical noise reaching new heights, how can investors adapt and thrive? In this episode, we explore why an adaptive approach is crucial for navigating today’s turbulent financial landscape. Our conversation delves into the challenges investors face when competing against dominant market players …

1
OI14: Behind the Scenes of a Crypto Hedge Fund ft. Michael Hall & Anatoly Crachlilov 1:07:10

3M ago1:07:10

1:07:10

In this episode, Moritz Seibert speaks with Anatoly Crachilov and Michaell Hall from Nickel Digital, a prominent London-based crypto hedge fund. Anatoly (CEO) and Michael (CIO) founded the company in 2019 with an initial focus on in-house arbitrage and basis trading strategies. Over the years, their business model has evolved and adapted to the fas…

1
SI335: Trend Following or Mean Reversion: What Works Best When? ft. Rob Carver 1:24:38

3M ago1:24:38

1:24:38

Join us for a fascinating and in-depth conversation with Rob Carver, where we’ll discuss the current state of gold, the impact of rising borrowing costs on futures pricing, and how these elements intertwine with market trends. Along the way, we’ll tackle listener questions that challenge the status quo, digging into everything from fees in the hedg…

1
ALO28: Why Hedge Funds Still Matter ft. Alexander de Bruin 1:00:06

3M ago1:00:06

1:00:06

In this episode, Alexander de Bruin, Head of Fund Research at Edmond de Rothschild, joins Alan Dunne to discuss the art and science of selecting managers and building portfolios of alternatives. Alexander shares insights from his background in convertible bond trading and how it has shaped his approach to allocating capital. The conversation explor…

1
SI334: Why Quants Might Be Your Best Bet ft. Nick Baltas 58:29

3M ago58:29

58:29

Together with Nick Baltas, we're diving deep into systematic investing to discuss why strategies like trend following is a hidden gem in the current (crazy) economic and geo-political landscape. We touch on recent trends, the implications of AI in investing, and how these dynamics can impact our portfolios. We also discuss the costs of rebalancing …

1
ALO27: Unlocking Wealth: Insights from UBS's CIO Mark Haefele 1:02:39

4M ago1:02:39

1:02:39

Mark Haefele, CIO of Global Wealth Management at UBS, shares valuable insights on the evolving landscape of investing amidst unprecedented government intervention in the economy. He emphasizes that understanding the role of government spending and its impact on market dynamics is crucial for today's investors. The conversation explores the distinct…

1
SI333: Convexity - The Trend Following Game Changer! ft. Richard Brennan 1:12:55

4M ago1:12:55

1:12:55

Most investors focus on returns, but what about the shape of those returns? Today, Rich and I explore the often overlooked concept of convexity - a game-changing principle in trend following that helps us thrive in unpredictable markets. Inspired by insights from our recent guest, Dave Dredge, we break down why mastering convexity is key to cutting…

1
GM79: How Global Economic Dynamics Shape Our Future ft. Matthew Klein 1:01:59

4M ago1:01:59

1:01:59

Today, we explore the intricate dynamics of global trade and economics, highlighting the central thesis of Matt Klein's book, "Trade Wars or Class Wars." Klein argues that the common perception of trade as a zero-sum game is fundamentally flawed; instead, he emphasizes that positive-sum solutions exist, benefiting all parties involved. The conversa…

1
SI332: Market Turbulence: How to Adapt to Regime Changes in Investing ft. Alan Dunne & Mark Rzepczynski 1:05:15

4M ago1:05:15

1:05:15

Today, we explore the complexities of current market dynamics, emphasizing the heightened levels of uncertainty stemming from recent regime changes. Mark Rzepczynski shares insights on how this uncertainty can influence investment behavior and market trends, highlighting the importance for investors to adapt their strategies in response to these sh…

1
GM 78: The Market Risk Nobody’s Watching ft. Dave Dredge & Cem Karsan 1:31:35

4M ago1:31:35

1:31:35

Today, we take you into the complexities of the current financial landscape, emphasizing the crucial theme of positioning in an environment marked by rising interest rates and shifting market dynamics. We explore how recent structured product issuance is significantly impacting market structure, particularly in the U.S., where the volume of callabl…

1
SI331: Crafting the Perfect Investment Portfolio in 2025 ft. Alan Dunne 1:05:39

4M ago1:05:39

1:05:39

Today, we dive deep into the evolving landscape of investment strategies, emphasizing the critical need for diversification in portfolios. With a particular focus on the German economy's challenges, we highlight how geopolitical factors and shifting market dynamics are reshaping investment approaches. We explore the potential implications of rising…

1
OI13: The Art of Continuous Trading: Mastering Market Dynamics ft. Bill Gebhardt 48:04

4M ago48:04

48:04

Bill Gebhardt from 10Dynamics discusses the intriguing intersection of market efficiency and systematic trading strategies. He emphasizes the idea that while traditional views suggest markets are efficient, many hedge funds continue to find success using price-based strategies that should theoretically not work. This paradox leads to a fascinating …

1
SI330: Yield Storm Ahead: Preparing for a New Era ft. Cem Karsan 1:01:24

4M ago1:01:24

1:01:24

Together with Cem Karsan we take the pulse of the evolving landscape investors are faced with amidst rising interest rates and market volatility. A key takeaway is the recognition of structural changes in bond markets, with the potential for significantly higher yields impacting investment strategies. We explore the implications of current geopolit…

1
TTU147: How to Craft a Rich Life Beyond Money ft. William Green 1:44:56

5M ago1:44:56

1:44:56

William Green, author of the book "Richer, Wiser, Happier", returns to the podcast for an eye opening conversation centered around the complexities of investing and the importance of building a rich life beyond mere financial success. We explore the idea that true wealth encompasses autonomy, meaningful relationships, and personal growth, rather th…

1
SI329: CTAs: Innovation Meets Legacy & the BlackRock Effect ft. Andrew Beer & Tom Wrobel 1:28:14

5M ago1:28:14

1:28:14

Together with Andrew Beer and Tom Wrobel, we dive deep into the evolving landscape of managed futures and CTAs, highlighting the critical need for a narrative shift to better communicate their value to investors. Andrew and Tom discuss the challenges faced by allocators in understanding the unique benefits of trend-following strategies, especially …

1
IL34: Democratizing Data: A New Approach for Trustworthy Information ft. Julia Lane 42:54

5M ago42:54

42:54

Our guest on this episode is Dr. Julia Lane, Professor at New York University and author of the book Democratizing Our Data: A Manifesto. Dr. Lane is a member of the National AI Research Resource Task Force and has advised the White House on promoting the use of Federal data for evidence building. She believes that the US system collecting data is …

1
SI328: Year-End Roundtable: The Future of Trend Following and Market Dynamics (Part 2) 1:06:48

5M ago1:06:48

1:06:48

Join us for Part 2 of our Year-End discussion between all of the hosts on the Systematic Investor Series where we debate the trends and themes shaping the investment landscape heading into 2025. The episode highlights the significance of social media and podcasts in increasing awareness of systematic investment strategies, as well as the challenges…

1
OI12: Breaking Rules: Going Beyond Traditional Trend Following ft. Tillmann Sachs & Vishal Sharma 51:29

5M ago51:29

51:29

In this episode, Moritz Seibert speaks with Tillmann Sachs and Vishal Sharma from J8 Capital Management, a systematic London-based CTA. The main focus of their discussion is J8’s Global Absolute Return Strategy, which trades several different systems across markets and styles, including carry, arbitrage, and trend following. We also speak about the…

1
SI327: 2024's Biggest Investment & Trend Following Insights (Part 1) 58:46

5M ago58:46

58:46

This part 1 of 2 episode features a compelling roundtable discussion among all of our incredible co-hosts here at TopTradersUnplugged, where we reflect on the key takeaways of 2024. The main focus is on the significant return dispersion observed in the trend-following community throughout 2024, where performance varied dramatically among managers. …

1
GM77: Unlocking the Roaring 2020s: Is Bitcoin the New Gold? ft. Ed Yardeni 59:04

5M ago59:04

59:04

Ed Yardeni, President of Yardeni Research, joins Alan Dunne in this episode to review his Roaring 2020s thesis for the US economy. Ed makes a compelling case for sustained economic growth, driven by rising productivity gains fuelled by technological advancements. The discussion covers expectations for the policy mix under the incoming Trump adminis…

1
SI326: Volatility and Trends: What 2024 Held for Trend Followers ft. Katy Kaminski 1:00:20

5M ago1:00:20

1:00:20

Today, we examine the intriguing dynamics of systematic investing, focusing on the theme of volatility sizing and its implications for trend following strategies. We discuss how volatility often expands during profitable trades, highlighting the importance of managing risk through dynamic sizing compared to static approaches. We explore the interpl…

1
GM76: Are We Being Deceived by Economic Data? ft. Paul Donovan 1:04:55

5M ago1:04:55

1:04:55

Alan Dunne welcomes Paul Donovan, Chief Economist of UBS Global Wealth Management, to this episode for a thought-provoking discussion on the global economic outlook. Together, they explore the structural challenges facing Europe and whether the current wave of pessimism is overstated. Paul highlights how data mismeasurement contributes to the gap b…

1
SI325: Why Adaptive Strategies Matter Now More Than Ever ft. Graham Robertson 1:02:14

6M ago1:02:14

1:02:14

Today, together with Graham Robertson of MAN AHL, we delve into the intriguing dynamics of trend following and its relationship with current market conditions, particularly influenced by central bank actions. We examine how trend followers have navigated recent volatility and the challenges posed by fluctuating interest rate expectations. We highli…

1
IL33: The Soul of Wealth: Behavioral Secrets to a Purposeful Life ft. Daniel Crosby 55:22

6M ago55:22

55:22

Our guest on this episode is Dr. Daniel Crosby, New York Times bestselling author and Chief Behavioral Officer at Orion Advisor Solutions. Daniel joins us to discuss his new book - The Soul of Wealth: 50 Reflections on Money and Meaning. We discuss simple actions everyone can take to apply the lessons of behavioral finance to their own investing - …

1
SI324: Embracing Uncertainty using Adaptive Models ft. Richard Brennan 1:09:14

6M ago1:09:14

1:09:14

Today, we dive deep into the complex dynamics of global markets and the often overlooked risks that can accumulate during periods of apparent stability. Together with Richard Brennan, we discuss the rising concerns over declining fertility rates worldwide, highlighting how economic pressures, environmental challenges, and cultural shifts contribute…

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Niels Kaastrup Larsen Podcasts

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